Common use of Partner Clawbacks Clause in Contracts

Partner Clawbacks. The Wafra Participation Entity shall repay to any Digital Colony Fund as required under the Fund Documentation of the relevant Digital Colony Fund in amounts proportionate to its commitment to such Digital Colony Fund with respect to partner clawback or giveback amounts (including, with respect to Fund I, all “Investment Related Clawback Amounts” or “Other Clawback Amounts,” in each case under and as defined in the limited partnership agreement of Fund I); provided, that the Wafra Participation Entity received distributions associated with such clawback or giveback obligation and in respect of the Wafra Participation Entity such obligations do not exceed such distributions; and provided, further, that the Wafra Participation Entity is treated equally in such respect with DigitalBridge and its Affiliates.

Appears in 2 contracts

Sources: Carried Interest Participation Agreement (DigitalBridge Group, Inc.), Purchase and Sale Agreement (DigitalBridge Group, Inc.)

Partner Clawbacks. The Wafra Participation Entity Buyer shall repay to any Digital Colony Fund as required under the Fund Documentation of the relevant Digital Colony Fund in amounts proportionate to its commitment to such Digital Colony Fund with respect to partner clawback or giveback amounts (including, with respect to Fund I, all “Investment Related Clawback Amounts” or “Other Clawback Amounts,” ”, in each case under and as defined in the Fund I limited partnership agreement of Fund Iagreement); provided, that the Wafra Participation Entity Buyer received distributions associated with such clawback or giveback obligation and in respect of the Wafra Participation Entity Buyer such obligations do not exceed such distributions; and provided, further, that the Wafra Participation Entity Buyer is treated equally in such respect with DigitalBridge Colony Capital and its Affiliates.

Appears in 1 contract

Sources: Carried Interest Participation Agreement (Colony Capital, Inc.)